Saraswati Saree Depot Limited
CLOSEDIPO Date: 12 Aug - 14 Aug 2024
Listing Date: 20 Aug 2024
Price Range
₹152 to ₹160 per share
Issue Size
160.01 Cr
Min Investment
₹13,680
Lot Size
90 Shares
Schedule of Saraswati Saree Depot Limited
Issue open date
12 Aug 2024
Issue close date
14 Aug 2024
UPI mandate deadline
14 Aug 2024 (5 PM)
Allotment finalization
16 Aug 2024
Share credit
19 Aug 2024
Listing date
20 Aug 2024
Mandate end date
29 Aug 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 160.01 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Aug 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 11 Dec 2024 | ₹160 | ₹72 | ₹232 (45%) |
| 10 Dec 2024 | ₹160 | ₹48 | ₹208 (30%) |
Performance Saraswati Saree Depot Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹152 to ₹160 per share | ₹ 485 (27.31%) | ₹ 99.87 | -37.58% |
About Saraswati Saree Depot Limited
Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women's apparel.The company's primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale business of other women's apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.The company regularly sources sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalog lists more than 300,000 different SKUs. The company majorly sells products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka, and Tamil Nadu and the company has served more than 13,000 unique customers in fiscal 2024. The company stores offer saree products categorized by occasion, fabric, weave, and ornamentation. Over 90 percent of the company's revenue comes from saree sales.As of June 30, 2024, the company had an employee base of 314 employees in various departments.
| Founded in | 1996 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 64.12 |
| Non-Institutional Investors (NIIs) | 358.47 |
| Retail Individual Investors (RIIs) | 61.59 |
| Employee | N/A |
| Total | 107.39 |